NAICS Code 332111-03 - Coined Parts-Metal (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS Code 332111-03 Description (8-Digit)

Coined Parts-Metal (Manufacturing) is a subdivision of the Iron and Steel Forging (Manufacturing) industry that involves the production of metal parts through the process of coining. Coining is a manufacturing process that involves the compression of a metal blank in a die in order to create a specific shape or design. This process is commonly used to create small metal parts that require a high degree of precision and accuracy.

Hierarchy Navigation for NAICS Code 332111-03

Parent Code (less specific)

Tools

Tools commonly used in the Coined Parts-Metal (Manufacturing) industry for day-to-day tasks and operations.

  • Coining press
  • Die set
  • Punch
  • Hammer
  • Anvil
  • Lubricant
  • Calipers
  • Micrometer
  • Vernier gauge
  • Surface plate

Industry Examples of Coined Parts-Metal (Manufacturing)

Common products and services typical of NAICS Code 332111-03, illustrating the main business activities and contributions to the market.

  • Metal fasteners
  • Electrical contacts
  • Automotive parts
  • Aerospace components
  • Medical instruments
  • Jewelry findings
  • Firearms parts
  • Musical instrument components
  • Plumbing fittings
  • Lock components

Certifications, Compliance and Licenses for NAICS Code 332111-03 - Coined Parts-Metal (Manufacturing)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 9001:2015: This certification ensures that the company has a quality management system in place that meets international standards. It is provided by the International Organization for Standardization (ISO).
  • AS9100D: This certification is specific to the aerospace industry and ensures that the company has a quality management system in place that meets aerospace industry standards. It is provided by the International Aerospace Quality Group (IAQG).
  • NADCAP: This certification is specific to the aerospace industry and ensures that the company meets industry standards for special processes such as heat treating, welding, and non-destructive testing. It is provided by the Performance Review Institute (PRI).
  • ITAR: This certification is required for companies that work with defense articles and services. It ensures that the company is compliant with the International Traffic in Arms Regulations (ITAR) and is provided by the US Department of State.
  • Rohs: This certification ensures that the company's products are compliant with the Restriction of Hazardous Substances Directive (RoHS) which restricts the use of certain hazardous materials in electrical and electronic equipment. It is provided by various certification bodies.

History

A concise historical narrative of NAICS Code 332111-03 covering global milestones and recent developments within the United States.

  • The Coined Parts-Metal (Manufacturing) industry has a long history dating back to ancient times when coins were first minted. The process of coining metal parts has evolved over time, with notable advancements in the 18th and 19th centuries when steam-powered presses were introduced. In the United States, the industry saw significant growth during World War II when coined metal parts were used in military equipment. In recent years, the industry has continued to evolve with the introduction of new technologies such as computer-aided design and manufacturing (CAD/CAM) and 3D printing.

Future Outlook for Coined Parts-Metal (Manufacturing)

The anticipated future trajectory of the NAICS 332111-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Coined Parts-Metal (Manufacturing) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for metal parts in various sectors such as automotive, aerospace, and defense. The industry is also expected to benefit from the growing trend of lightweight materials in the automotive and aerospace industries, which will increase the demand for high-strength metal parts. Additionally, the increasing adoption of automation and advanced manufacturing technologies is expected to improve the efficiency and productivity of the industry. However, the industry may face challenges such as rising raw material costs and increasing competition from low-cost imports. Overall, the Coined Parts-Metal (Manufacturing) industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 332111-03

Recent groundbreaking advancements and milestones in the Coined Parts-Metal (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

  • Development Of New Metal Alloys: The industry has seen the development of new metal alloys that offer improved strength, durability, and corrosion resistance. These alloys are being used in various applications such as aerospace, defense, and medical devices.
  • Adoption Of 3D Printing: The adoption of 3D printing technology has enabled the industry to produce complex metal parts with high precision and accuracy. This technology has also reduced the lead time and cost of production.
  • Use Of Advanced Coatings: The industry has started using advanced coatings such as ceramic and diamond-like coatings to improve the performance and durability of metal parts.
  • Integration Of Iot: The integration of IoT technology in the manufacturing process has enabled the industry to monitor and optimize the production process in real-time, leading to improved efficiency and productivity.
  • Focus on Sustainability: The industry is focusing on sustainability by adopting eco-friendly manufacturing processes and using recycled materials. This trend is expected to continue in the future as consumers become more environmentally conscious.

NAICS Code 332111-03 - Coined Parts-Metal (Manufacturing)

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